Columbia’s Palmetto Center Office Building Could Remain Vacant for Years

– The StateFive months after SCANA left Main Street for new digs in Cayce, the prospects for filling the high-rise office tower, built for the utility 25 years ago, are not good.

The 20-story Palmetto Center could remain vacant for years, while sales agents and business recruiters try to find a company that will renovate and move into its 460,000 square feet.

“In the best of times, a facility like that takes a long time to market,” said commercial real estate analyst David Lockwood, senior vice president for Colliers Keenan. “A typical vacancy could be multiyear.”

Welcome to SCREnews.com

Welcome to the South Carolina Real Estate News website. Every day, newspapers and periodicals publish articles that are of value to real estate professionals - for nine years now, we have provided a simple place to access this news. Over 500,000 visitors have found it a good source of information. Additional statistical data and property value trends will be presented from various sources. My appraisal firm, Integra Realty Resources - Columbia provides commercial appraisals in Columbia, Greenville, Charleston, Myrtle Beach, Aiken, Florence and other areas of the Carolinas.